Alice, the global marketing director of a multinational electronics manufacturing firm, is assigned the task of expanding her firm in growing new markets. She learns that the labor is expensive and that the technical equipment required for production is unavailable in the international market. In this case, which of the following is most likely affecting the global trade of Alice's firm?
A)Lack of innovative ideas
B)Economic dependence in the international market
C)Limited access to factors of production
D)Absence of plentiful capital

Question

Alice, the global marketing director of a multinational electronics manufacturing firm, is assigned the task of expanding her firm in growing new markets. She learns that the labor is expensive and that the technical equipment required for production is unavailable in the international market. In this case, which of the following is most likely affecting the global trade of Alice's firm?​
A)Lack of innovative ideas
B)Economic dependence in the international market
C)Limited access to factors of production
D)Absence of plentiful capital

Quizplus · Accepted Answer

Limited access to factors of production, such as expensive labor and unavailable technical equipment, can hinder a firm's ability to expand in new markets and participate in global trade.

Alice, the Global Marketing Director of a Multinational Electronics Manufacturing